Tennessee Statutes
§ 12-4-704 — Interest
Tennessee § 12-4-704
JurisdictionTennessee
Title12
This text of Tennessee § 12-4-704 (Interest) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tenn. Code Ann. § 12-4-704 (2026).
Text
(a)Interest shall accrue and be charged on payments overdue under § 12-4-703 at one and one-half percent (1½%) per month beginning on the day after payment is due.
(b)Interest which is unpaid at the end of each sixty-day period or at the end of any specified period provided by contract shall be added to the principal amount of the debt and shall thereafter accumulate interest.
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Legislative History
Acts 1985, ch. 57, § 1.
Nearby Sections
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Land acquired by commissioner - Payment§ 12-1-107
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Effect of taking on property valuationCite This Page — Counsel Stack
Bluebook (online)
Tennessee § 12-4-704, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/12-4-704.